Retirement plan

CHT USA 401(K) PROFIT SHARING PLAN

Name: CHT USA INC. - CHT USA 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: CHT USA INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHT USA 401(K) PROFIT SHARING PLAN, CHT USA INC.

CHT USA INC.EIN 45-4366410Plan #002PY 2022

805 WOLFE AVENUE - CASSOPOLIS, MI 49031269-445-0847

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$6M

-13.5% from 2021

Total participants

146

+5.0% from 2021

Average account balance

$41,044

-20.6% from 2021

Annual return

-17.26%

-33.62 pp from 2021

Benchmarks

See 1,872 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,872 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$8.76M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$55K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

159

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.75%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$308

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
CAP FINANCIAL PARTNERS, LLC1 year Filed as: CAP FINANCIAL PARTNERS Service code 27 · EIN 26-0058143	Advisory (Plan)	$21,334
LAKESIDE WEALTH MANAGEMENT3 years Filed as: LAKESIDE WEALTH MGMT Service code 27 3100 VILLAGE PT · CHESTERTON, IN 46304	Advisory (Plan)	$8,359
ASCENSUS LLC5 years Service code 15 · EIN 11-3665754	Recordkeeping	$5,372

Plan features & details

Pension benefit codes2E3D2G2J2F2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$35K

$328 / participant

Investment mgmt$30K84.7%
Contract admin$5K15.3%

% of EOY assets

0.585%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ERNST & YOUNG U.S. LLP
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,044

$72,620-43.5%

$90,756-54.8%

$66,930-38.7%

Participation rate

100.0%

73.7%+26.3pp

75.7%+24.3pp

69.8%+30.2pp

Annual return

-17.26%

-12.28%-5.0pp

-12.16%-5.1pp

1.57%-18.8pp

Employer contribution / active EE

$2,500

$2,369+5.5%

$2,922-14.4%

$2,545-1.8%

Participant deferral / active EE

$5,274

$3,979+32.5%

$4,565+15.5%

$4,238+24.4%

Admin fee / account holder

$240

$707-66.0%

$8,445-97.2%

$593-59.5%

Provider

Service type

Compensation

CAP FINANCIAL PARTNERS, LLC1 year

Filed as: CAP FINANCIAL PARTNERS

Service code 27 · EIN 26-0058143

Advisory (Plan)

$21,334

LAKESIDE WEALTH MANAGEMENT3 years

Filed as: LAKESIDE WEALTH MGMT

Service code 27

3100 VILLAGE PT · CHESTERTON, IN 46304

Advisory (Plan)

$8,359

ASCENSUS LLC5 years

Service code 15 · EIN 11-3665754

Recordkeeping

$5,372

CHT USA 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHT USA 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion